The following Commercial precedent provides comprehensive and up to date legal information covering:
Business Continuity Event
means an event (whether a natural or man-made phenomenon or occurrence) which interrupts the normal business activities, including business functions, operations, or processes of the Customer, (whether anticipated or unanticipated) and which prevents or delays a party from performing its obligations to third parties or receiving the full benefit of the provision of the services in accordance with the provisions of this Agreement.
Business Continuity Plan
means a written document prepared in accordance with clause 1.1 and the Schedule, detailing the procedures to be followed and actions to be undertaken by the Supplier.
No later than [three months] prior to the Services Commencement Date [and at no additional charge] the Supplier shall develop a Business Continuity Plan that shall provide for the continuation of the performance of the Services with minimal interruption[ and in accordance with the requirements of clause 1.3 below] in the event of a Business Continuity Event affecting the Customer, the Supplier or both. The Supplier shall update the Business Continuity Plan at least once in every 12 months during the Term. The form and content of
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